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As a buyer, you can try and write whatever contingencies you want into a purchase contract. In supplier markets like most right now they'll just refuse them. In
by skeeter2020 5y ago
As a buyer, you can try and write whatever contingencies you want into a purchase contract. In supplier markets like most right now they'll just refuse them. In a slower market where "simple" purchases are not so typical, offers with few or no conditions are often the difference maker, or even worth a slightly lower offer price to the seller. Even with a conditional home inspection "a hundred little things" typically won't disqualify the deal; the inspector will be looking for larger single issues that are up closer to 1% of the price. In reality sales don't often fall through unless something is extremely major or misrepresented; the inspection is used by the buyer to promote price concessions and help them deal with the stress of such a massive purchase. Inspectors miss important stuff all the time, which isn't surprising when they're spending only a few hours for an entire home.